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Jan 20, 2013
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we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just overreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%, disapprove 42%. a plus for him. but when they are asked how is the country headed, right direction 35%, wrong direction, 57%. they approve of the president but think he's going completely in the wrong direction. he's a lucky boy, many would argue, that he's gotten a second term, given the state of the economy, given the fact that most americans think the country is going in the wrong direction. he's been given that lucky second chance. and he campaigned well. you have to acknowledge him that. what are his challenges in the second term? >> the first thing every president has to be careful of in a second t
we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just overreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%,...
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Jan 19, 2013
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ceiling fight. >> that's right. although now we're seeing some of the temperatures lower there because every was expecting for this to be during the last time out, republicans saying let's deal with this for the next three mos, deal with the longer one later. the white house encouraged -- they're encouraged by what they're hearing but clearly it's not going to be easy. but certainly i think not as contentious as we were thinking in the short term. >> we'll see how that relationship develops if at all or e vovls throughout the next term. dan, thanks very much. john has some of the other headlines this hour. >>> including the manti te'o story. twists and turns if that mysterious case of the notre dame linebacker and his fictitious girlfriend. notre dame linebacker says he was the victim of a cruel hoax. he spoke off kacamera with espn jeremy schaap and said as recently as last wednesday he believed his girlfriend was real person even know he never met her. schaap says he seemed believable and sincere throughout the in
ceiling fight. >> that's right. although now we're seeing some of the temperatures lower there because every was expecting for this to be during the last time out, republicans saying let's deal with this for the next three mos, deal with the longer one later. the white house encouraged -- they're encouraged by what they're hearing but clearly it's not going to be easy. but certainly i think not as contentious as we were thinking in the short term. >> we'll see how that relationship...
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Jan 13, 2013
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tdd#: 1-800-345-2550 >>> the debt ceiling is the next self-inflicted crisis that congress needs to deal with the debt limit is not like a credit card. it is simply not. it makes me crazy. when republicans and democrats alike, including the president, continue to use this misleading analogy. it's also not the same as your household budget with a few zeros taken out. for those who don't remember the last time congress pushed us past the debt ceiling, here's how it works. congress and the president spend money by creating bills and signing them into law. that is when the money is committed. last year, the u.s. government spent $3.8 trillion. two-thirds of that, the green came from revenue. the rest of it, the red, came from borrowing, the deficit. the sum total of all of these annual deficits, plus the interest is national debt. today the national debt extends at $16.4 trillion. the treasury is empowered to borrow money to make up for that shortfall. but only up to a certain amount. that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent.
tdd#: 1-800-345-2550 >>> the debt ceiling is the next self-inflicted crisis that congress needs to deal with the debt limit is not like a credit card. it is simply not. it makes me crazy. when republicans and democrats alike, including the president, continue to use this misleading analogy. it's also not the same as your household budget with a few zeros taken out. for those who don't remember the last time congress pushed us past the debt ceiling, here's how it works. congress and the...
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Jan 18, 2013
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with these things, take the small one first, debt ceiling last, i think it's a rational, reasonable thing to do. >> now, for some, wolf, maybe even those in the republican house leadership, like him talking about what is rational and reasonable, that may be a bit jarring but the house republicans are coming out of their three-day retreat saying they have a better chance of reaching their goal of broad spending cuts. and that means not making the demand in the next few weeks, which is exactly what it would mean because, according to most economists, we will hit that debt ceiling mid-february. >> so here's the question, bottom line, is is this a sure thing? will congress actually vote to raise the debt limit next week? >> well, there is a catch. the house gop, the leadership at least says what they are going to try to pass next week would raise the debt ceiling for three months but with a condition. and that would be that the house and senate pass budgets. it may seem simple but house republicans like to point out that they haven't passed a budget in years. we already saw a carefully
with these things, take the small one first, debt ceiling last, i think it's a rational, reasonable thing to do. >> now, for some, wolf, maybe even those in the republican house leadership, like him talking about what is rational and reasonable, that may be a bit jarring but the house republicans are coming out of their three-day retreat saying they have a better chance of reaching their goal of broad spending cuts. and that means not making the demand in the next few weeks, which is...
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Jan 19, 2013
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one is the debt ceiling. the other is the cr that comes due on march 27th. the cr might be a the better place to use that leverage. but one place or another we need to decide that both sides need to come together at the table of common sense and begin to put america on a sustainable course of economics. >> what does a guy like you say then to the tougher parts of the republican party? not as many are in the senate as in the house. you talk about simpson bouls. i agree. most americans would find simpson/bowles a little tough. there are some difficult things in there most republicans and democrats wouldn't even put forward. the vice presidential candidate, paul ryan, was one of those guys on that committee and didn't vote for it. how do we get hard line republicans to say these are tough decisions, they're not going to be palatable, they're way further than most republicans would go in terms of debt spending cuts? >> ali, we have a tough problem. whatever solutions we come up with are going to be tough. but i would prefer tough solutions to a tough situation t
one is the debt ceiling. the other is the cr that comes due on march 27th. the cr might be a the better place to use that leverage. but one place or another we need to decide that both sides need to come together at the table of common sense and begin to put america on a sustainable course of economics. >> what does a guy like you say then to the tougher parts of the republican party? not as many are in the senate as in the house. you talk about simpson bouls. i agree. most americans...
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Jan 18, 2013
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how do you square that with this very specific debt ceiling problem that we have, that we have financial obligations that we've already made that need to be paid and we have a second debate going on about how we should spend our money? >> basically, ali, we have 100% leveraged. $16.5 trillion in debt. if we continue to borrow and spend beyond our limit, we're going to compound that debt and deficit and be on an us sustainable course for us to survive. we're at a point, we need to take the one less traveled and make all the difference. we're going to have to put our talking points on and leave them outside of the room. >> yes. >> sit down at the table, prioritize our spending, act like a business person would have to act and every family member has to act and we're going to get our house in order. we don't do that, we're going to be a deader state. >> you want to get business done. you want to get a budget. can can we not separate these things out? i know there are a lot of people who take the debt ceiling off the table and increase it and you lose your leverage. republicans lose your lev
how do you square that with this very specific debt ceiling problem that we have, that we have financial obligations that we've already made that need to be paid and we have a second debate going on about how we should spend our money? >> basically, ali, we have 100% leveraged. $16.5 trillion in debt. if we continue to borrow and spend beyond our limit, we're going to compound that debt and deficit and be on an us sustainable course for us to survive. we're at a point, we need to take the...
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Jan 15, 2013
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understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded? it happened before. remember 2011, when standard & poor's did it. that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits, and create an environment where the business
understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded?...
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Jan 20, 2013
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with the debt ceiling. and finally, we're told that the president will push to get the public engaged, engaged in their community, engaged in the issues to put pressure on congress to move the president's initiatives forward, john. this is seen as sort of the stage one or the act one, part two will be the president's state of the union address where he'll add more details to his proposals. >> you split it into acts there, dan, appropriate because we saw the president today, the swearing-in ceremony, but because this is a sunday, we saw him only briefly in the blue room. how has he been spending the rest of the day, and what are his plans for this evening? >> reporter: this evening within this hour, the president will be heading to the building museum for a candlelight reception there. he will be making remarks, but much of the day, you know, was quite busy earlier in the day, then had some down time. the president's still working on his speech. we're told that he's in the final stages. he did a lot of it on
with the debt ceiling. and finally, we're told that the president will push to get the public engaged, engaged in their community, engaged in the issues to put pressure on congress to move the president's initiatives forward, john. this is seen as sort of the stage one or the act one, part two will be the president's state of the union address where he'll add more details to his proposals. >> you split it into acts there, dan, appropriate because we saw the president today, the...
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Jan 16, 2013
01/13
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we want to make certain, especially dealing with this debt ceiling, we do it in a fiscally responsible manner. >> would you be willing given your point of view overall in borrowing money that if kansas pays in a dollar, gets $1 back so 12 cents of every dollar, assume for a moment that number is right, this is the tax foundation number, that you would give that back, kansas would get a whole lot less from the federal government right now, would you sign on to that? >> well, i don't agree with those numbers. we got a whole tax code that actually helps states like new york that have higher taxes because they can take that off their federal income taxes. that has to be part of that as well. but i think we need to do -- certainly helping those in need is probably something we should be doing but if you're not going to spend 80% of the dollars for two years, what's the rush? let's get to the direct needs right now and that's what i think's important. that's why i offered transparency amendment that said let's go see where this money is going. that went on there. i think that's important. fe
we want to make certain, especially dealing with this debt ceiling, we do it in a fiscally responsible manner. >> would you be willing given your point of view overall in borrowing money that if kansas pays in a dollar, gets $1 back so 12 cents of every dollar, assume for a moment that number is right, this is the tax foundation number, that you would give that back, kansas would get a whole lot less from the federal government right now, would you sign on to that? >> well, i don't...
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Jan 14, 2013
01/13
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deal with the debt ceiling issue later, pay the bills first, and have this debate over whether or not it's a good idea, and how it's responsible to actually deal with the federal deficit? >> i think right now, in the united states of america, the people, forget about congress, forget about -- let's talk about the people, the personal financial issues here. they need to know that if they're getting unemployment or they're getting social security, unemployment, not so much, but social security, veterans benefit, small businesses, they need to know that their future is secure. that they're not all of a sudden going to get something and say, sorry, you don't get your paycheck, that they're living on. and when they start to get afraid, they stop spending money. when they stop spending money, the whole economy suffers. so why can't you just say to them, of course we're going to be raising the debt ceiling. we don't actually have a choice. take that fare out of their lives and then let's deal with the problem that they haven't been able to deal with for years now, but hopefully they'll be ab
deal with the debt ceiling issue later, pay the bills first, and have this debate over whether or not it's a good idea, and how it's responsible to actually deal with the federal deficit? >> i think right now, in the united states of america, the people, forget about congress, forget about -- let's talk about the people, the personal financial issues here. they need to know that if they're getting unemployment or they're getting social security, unemployment, not so much, but social...
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Jan 19, 2013
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>> i think if they want to go with a clean debt ceiling race, he has to mike a final resolution. the public, not the republicans, the public wants spending cuts. he needs to go along with sequestration and find ways to cut government, shows that republicans are doing anything. boehner is a survivor, not really a leader. >> we'll have more after this break on the two presidents. what are the president's biggest challenges he faces going into this second term? stay with us. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. ya. alright, another one just like that. right in the old bucket. g
>> i think if they want to go with a clean debt ceiling race, he has to mike a final resolution. the public, not the republicans, the public wants spending cuts. he needs to go along with sequestration and find ways to cut government, shows that republicans are doing anything. boehner is a survivor, not really a leader. >> we'll have more after this break on the two presidents. what are the president's biggest challenges he faces going into this second term? stay with us. at 1:45,...
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Jan 14, 2013
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we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman with a look at some of the other stories ahead this morning. >>> we'll be talking about the golden globes. ben affleck didn't get nominated for an oscar, but his surprise win at the globes may be vindication. we'll have that, the other surprises, and the big snubs in a live report. >>> he's known for his role on "breaking bad," but actor steven michael casada has a new role to play, local school board member. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can tra
we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman...
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Jan 14, 2013
01/13
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>> what we're debating or not debating is the idea that the debt ceiling in the united states is a very unusual tool, only one other country has it. and it is because what used to happen is whenever the government needed to spend money, particularly when you're in a deficit, the treasury of the united states would have to go out and issue bonds in order to get cash to pay for it. and that was just a cumber some, awkward thing to do. what they did was create this debt cerealing which meant t ce could issue bonds for chunks of money not related to every single law that was passed. it was just because it was cumbersome. it is not a debt control or spending control measure. the president used an analogy today, used many, to say this is like eating at a restaurant, having your fill and not paying the bill. if you want to discuss -- >> dine and dash. >> yes, dine and dash. we have two problems. one is we have to understand the terms of this thing. this is about increasing the treasury's ability to pay for things that have already been committed to by the government. the danger is if you have
>> what we're debating or not debating is the idea that the debt ceiling in the united states is a very unusual tool, only one other country has it. and it is because what used to happen is whenever the government needed to spend money, particularly when you're in a deficit, the treasury of the united states would have to go out and issue bonds in order to get cash to pay for it. and that was just a cumber some, awkward thing to do. what they did was create this debt cerealing which meant...